Registration conditions
company name
Equity
Shareholders and directors
Company secretary
Registered office
Significant Controller Register
Designated representative
Continuous compliance with regulations
Taxation
1. The company name must be unique
2. The company name must not contain certain restricted words
3. The company name can be in English or Chinese, and one English and one Chinese name can also be registered at the same time
1. The minimum requirement for issued share capital is HK$1
2. There is no maximum limit on the issued share capital
3. Each shareholder only bears the limited liability of the equity invested in it
4. Issuing equity is not equivalent to the minimum deposit requirement for bank account opening
1. At least one shareholder
2. At least one individual director must be at least 18 years old
3. Shareholders and directors can be companies
4. Shareholders and directors can be the same person or the same company
5. Shareholders and directors can be individuals of any nationality or living anywhere
1. The company must appoint a company secretary
2. The company secretary must be a person ordinarily resident in Hong Kong, a Hong Kong licensed accounting professional, a Hong Kong licensed legal person or a "trust or company service licensee"
3. If the shareholders and directors are not the same person, one of them can be appointed as the company secretary
4. If the only director is the same person, a third party needs to be appointed as the company secretary
5. The position of company secretary shall not be concurrently held by the sole director of the company
1. The company needs to have a registered office address in Hong Kong
2. The Hong Kong registered office address of the company is the legal address of the company for receiving notifications and procedures, and it can be different from the business address
From March 1, 2018, companies incorporated in Hong Kong must:
1. Take reasonable steps to identify important controllers of the company
2. Issue notice to important controller and obtain the required information of that person
3. If the shareholders and directors are not the same person, one of them can be appointed as the company secretary
4. If the only director is the same person, a third party needs to be appointed as the company secretary
5. The position of company secretary shall not be concurrently held by the sole director of the company
From March 1, 2018, companies incorporated in Hong Kong must:
1. Designate at least one person as the company’s "designated form" to provide the company's "significant controller register" with assistance to law enforcement officers
2. Appoint any of the following persons as the company’s "designated representative"
(a) A shareholder, director or employee of the company, and must be a natural person resident in Hong Kong,
or
(b) Hong Kong licensed accounting professional, Hong Kong licensed legal person or "trust or company service licensee"
1. The company must comply with the legal obligations of the Companies Ordinance and continue to submit annual returns and specified forms within the prescribed time limit
1. Profits generated in Hong Kong are subject to profits tax. Only profits generated in or derived from Hong Kong will be subject to profits tax in Hong Kong
2. If the profit comes from outside Hong Kong, it may be regarded as a source of trouble and not taxable in Hong Kong
3. Starting from April 1, 2018, the profits tax rate for the first 2 million yuan of profits of a limited company will be reduced to 8.25%, and subsequent profits will continue to be taxed at 16.5%
4. In Hong Kong, many company expenditure items can be tax deducted